Sociedade de Jogos de Macau Going Public By Casino Giant Stanley Ho

Stanley Ho over the years has been very successful in his marketing. His latest efforts are to go public with a company that he controls, Sociedade de Jogos de Macau.

The goal for Ho is to raise $1 billion for the company. He will try to accomplish that goal by offering 1.25 billion shares of SJM to the public.

The general public will only be able to get their hands on ten percent of the shares that will be available. Ho s offering eighty five percent to institutional investors, five percent to employees, and the ten to the general public.

The new shares will account for twenty five percent of its enlarged share capital. Hong Kong was the place where Ho has started letting people know about the shares that will soon be available.

January 9, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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